Mericle Foundation
- Assets
- $89.8k
- Revenue
- $281.7k
- Investments
- $59.7k
- Employees
- 0
- Location
- Wilkes Barre, PA
- Founding
- 06/2011
- Data as of
- 12/2022
- EIN
- 37-1639789
Organization Overview
Mericle Foundation is located in Wilkes Barre, PA. The organization was established in 2011. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mericle Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Mericle Foundation generated $281.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $261.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mericle Foundation has awarded 117 individual grants totaling $4,209,750. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert K Mericle Trustee | 2 | $0 | |
Kim E Mericle Trustee | 2 | $0 | |
Katelyn K Mericle Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $72,046 |
| Interest on Savings | $0 |
| Dividends & Interest | $119 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $209,551 |
| Capital Gain Net Income | $209,551 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $281,716 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,596 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $880 |
| Total operating and administrative expenses | $17,976 |
| Contributions, gifts, grants paid | $243,666 |
| Total expenses and disbursements | $261,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,033 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $89,777 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Mericle Foundation has awarded $243,666 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICA 250 PA PURPOSE: COMMEMORATION OF THE 250TH ANNIVERSARY OF THE FOUNDING OF THE UNITED STATES | $37,500 |
CANDY'S PLACE PURPOSE: 25TH ANNUAL WALK | $10,000 |
DINNERS FOR KIDS PURPOSE: ANNUAL DINNER - BRONZE SPONSOR | $500 |
GEISINGER HEALTH SYSTEM FOUNDATION PURPOSE: GENOMIC MEDICINE CENTER | $100,000 |
NE PA EDUCATION(WVIA) PURPOSE: CONTRIBUTION | $9,000 |
ST JOSEPH'S CENTER FOUNDATION PURPOSE: SUSTAINING FUND | $10,000 |